XRP surges as SEC acknowledges ETF filings, fueling speculation of a Ripple lawsuit resolution and massive market breakout!
Ripple expands globally with major partnerships, rebrands focus on Web3, and boosts XRP adoptionโbiggest breakout ahead?
Under new SEC leadership, excitement is building around XRP as crypto exchange bitrue
bitrue - Centralised Exchange hints at major developments. In a recent post on X, Bitrue urged the community to pay close attention, suggesting that something big is brewing. The message quickly gained traction, sparking speculation about whatโs driving the surge in XRPโs price and market activity. Investors are now eagerly watching for the next big move, as XRP continues to capture attention with a string of major events.ย
XRP ETF Frenzy Takes Over
One of the biggest drivers behind the excitement is the SECโs unexpected attention to XRP ETF filings. On Thursday, the SEC officially recognized Grayscaleโs XRP ETF application, triggering a strong 12% price rally, making XRP the best performer among the top ten cryptos. The momentum didnโt stop there. The very next day, the SEC acknowledged another XRP ETF filingโthis time from 21Sharesโpushing XRPโs weekly gains to an impressive 17%. The market response has been electric, with traders now eyeing the possibility of XRP reclaiming its all-time high of $3. The shift in the SECโs stance is surprising, given its history of rejecting altcoin ETFs.
Is the Ripple Lawsuit Nearing Its End?
The ETF news has fueled speculation that the SEC might soon settle its long-running lawsuit against Ripple. Many believe that the shift in regulatory behaviorโespecially under acting chairman Mark Uyedaโcould pave the way for a resolution.
Rippleโs New Look and a Change in Strategy?
In the meanwhile, Ripple has also done some major transformation, rebranding its website to focus on its vision of the โInternet of Value.โ The refreshed site highlights its work in cross-border payments, digital asset custody, and stablecoins like Ripple USD (RLUSD). However, one notable change stands outโRipple has removed all references to Central Bank Digital Currencies (CBDCs). This move is giving positive vibes to the market with changing U.S. regulations on cards. Alongside the rebrand, Ripple has also emphasized its $600 million investment in Web3 and its more than 70 direct investments, shows its commitment to driving the next phase of crypto adoption.
XRP Expands Through Major Partnerships
Ripple is continuing its push for global adoption, forming new partnerships that strengthen XRPโs position in the market. One of the biggest recent moves was its collaboration with Portugalโs largest currency exchange, signaling its expanding footprint in Europe. In Japan, SBI Remit has also expanded its international money transfer services in partnership with SBI Shinsei Bank. The key takeaway here is that SBI Remit is already using XRP for cross-border transactions, highlighting its growing role in the global remittance space.
Institutional interest in XRP is growing, with Japanese energy company Remixpoint making a major move. The company recently purchased $3.9 million worth of XRP and Dogecoin as part of its expanding crypto reserves.
While one user said this is just half the things on the horizon.
With new changes on the cards, XRP could be on track for one of its biggest breakouts yet. The big question now is whether it can ride this wave back to its all-time high and beyond.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.